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15 January 2003
QED and yet2.com combine to create world’s
leading IP asset exploitation business
QED Intellectual Property Limited (QED), the leading patent licensing
and consulting business, is delighted to announce that it has combined
its business operation with that of US based yet2.com Inc., owner
of the world’s largest marketplace for the exchange of technology
and intellectual property.*
The combined operation, which will trade under the name QED Intellectual
Property (QED), will provide its clients with an enhanced range
of IP exploitation services across the entire IP value chain, namely:
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- The commercial and strategic management of intellectual assets,
- The identification and prioritisation of high value technologies
and IP,
- The proactive marketing of licensable intellectual assets around
the globe, and
- The negotiation of licensing deals with prospective licensees.
In addition to QED’s professional IP services, the company
can now use the global reach of the Internet to connect technology
buyers with suppliers. The yet2.com marketplace also enables clients
to research interesting technologies or to request technology solutions
for problems they may have. There are currently more than 6000 technologies
and technology needs listed with yet2.com for licensing or sale.
Commenting on the new operation, Phil Stern the Chief Operating
Officer of QED said: “This is a tremendously exciting time
for all those companies wishing to generate revenue and value from
their intellectual assets. For the first time, companies have a
business partner with the resources, expertise and global reach
to help them capture valuable new revenue streams by exploiting
their technologies and IP world-wide. It is a business solution
that could revolutionise the commercialisation of intellectual assets.”
Exploiting IP assets
Intellectual asset management has been a hot topic in both the
US and Europe for a number of years with some companies adding many
millions to their bottom line profits through proactively licensing
their patent portfolios. However, despite success by some, the vast
majority of businesses have been unable to generate similar returns.
According to a recent survey by McKinsey, many companies do fewer
than one or two deals per year and earn less than US $1,000 in licensing
revenue per active patent. Despite the high value of many technologies,
these ineffective attempts to license out their technologies is
often due to a lack of expertise beyond their own industry area,
combined with a lack of time and human resource to dedicate towards
a concerted and long term licensing campaign.
For many businesses, the answer lies in partnering with an external
firm that has the expertise and global scope to identify valuable
technologies and negotiate licensing deals across a wide spectrum
of industries. By combining its consulting and licensing services
with a global technology marketplace, QED believes that it has become
that ideal business partner.
For more information, or to discuss your IP service needs, please
contact Stephen Potter on Tel: +44 (0) 20 8848 6560 or email him
at spotter@qed-ip.com.
Corporate Background Information
About QED
QED is the patent licensing arm of the technology development and
licensing company Scipher plc. With offices in the United States,
Europe and Japan, QED provides IP consulting and licensing services
to world-class international clients, generating revenue and value
from their IP portfolios using its unique combination of commercial,
technical, legal and patent expertise. For further information visit:
www.qed-ip.com
About yet2.com
The world’s largest internet-based technology exchange (www.yet2.com)
provides professional services and products to help companies optimize
their technology transfer and intellectual asset management programs.
Headquartered in Cambridge, Massachusetts, USA, with offices in
Japan and Europe, yet2.com was founded in February 1999 and operates
a global marketplace for the exchange of technology and IP.
Leading technology companies that have joined the yet2.com marketplace
include: 3M, Agfa-Gevaert Group, Asahi Glass Company, BAE Systems,
BASF, Bayer, BellSouth, Boeing, Bosch, Bridgestone, British Telecommunications,
Caterpillar, ChevronTexaco, Ciba Specialty Chemicals, Dai Nippon
Printing Co., Dow Chemical, DSM, DuPont, General Mills, Hitachi,
Honeywell, Hyundai Heavy Industries, Kao Corporation, The Lubrizol
Corporation, Mitsui Chemicals, NEC Corporation, NTT DoCoMo, Royal
Philips Electronics, Porsche, Procter & Gamble, QinetiQ, Rockwell,
SAIC, Samsung Electronics, Sharp Corporation, Siemens, SK Corporation,
Sumitomo Chemical, Takeda Chemical Industries, Toshiba Corporation,
Toyota Industries and Toyota Motor Corporation. For further information:
visit www.yet2.com
About Scipher
Scipher is the largest technology development and licensing company
of its type in Europe. Scipher derives value from intellectual property
(IP) in two principal ways:
- Product Licensing and Sale: commercialising Scipher-owned technology
in high-growth markets through licensing or the sale of developed
products.
- Patent Licensing: building on Scipher's extensive experience
in IP management to create value on behalf of clients by exploiting
their IP assets through licensing.
Scipher's portfolio of advanced technology products and know-how
covers the markets for Displays, Secure Identification, Communications,
3D Sound and Sensors. Almost two-thirds of Scipher's revenues are
earned outside the UK in over 50 countries.
Scipher is backed by more than 70 years in advanced R&D including
developments of such historic importance as stereo recording, television
broadcasting and the medical CT scanner, which in 1979 won a Nobel
Prize for its inventor. In 2001, the MacRobert Award, the highest
UK accolade for innovation, continued this record of achievement
by recognising Scipher's outstanding 3D Sound technology.
Scipher is listed on the London Stock Exchange (LSE: SIP) and is
a constituent of the techMARK 100 index. Further information can
be found on the Scipher website: www.scipher.com.
*Scipher plc, QED’s parent company, acquired
yet2.com on December 16th 2002. Additional information on this transaction
can be found on www.scipher.com
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